Australian battery technology startup Recharge Industries has successfully acquired UK-based lithium-ion battery manufacturer, Britishvolt.
Under plans presented by Recharge Industries, a company under the Scale Facilitation portfolio, the Britishvolt project will make the UK’s first gigafactory a reality, creating a strategic economic and security asset that will play a critical role in the UK’s industrial and net-zero strategies.
Commenting on the successful bid, David A. Collard, founder and CEO of Scale Facilitation said, “We are thrilled to have been successful in our bid for ownership of Britishvolt; our plans are the right ones for the local community and the UK economy.
“Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly.
“Our technology – including an exclusive license for the intellectual property and battery technology – has been developed and validated over the last decade through C4V in the US and will be the backbone of both gigafactories in Geelong and Cambois.”
“Backed by our global supply chain, strategic delivery partners and a number of significant customer agreements in place, we’re confident of making the Cambois Gigafactory a success and growing it into an advanced green energy project. We can’t wait to get started and want to start as soon as possible,” Collard added.
“The North East of England has a real depth of history and talent in manufacturing and engineering. I recently spent time in the area to get to know the people and the site, and I was struck by the similarities to our Recharge Industries site in Geelong, Australia.
“I was really taken by the passion and pride that the people have for the region and their determination to get behind a project that can drive lasting change. We have the right plan in place, to match and support the region’s energy and ambition to become a major player in the international battery market.
Scale Facilitation UK-based advisor, Edward Dawes OBE said “It is tremendous that we have been able to secure this advanced battery facility for the UK. Working with our closest allies, America and Australia, and using world-leading and proven technology, now we can take Britishvolt forward with real purpose.”
Based in Geelong, Australia, Recharge Industries is currently developing Australia’s first large-scale lithium-ion cell production facility to provide safer, more efficient and recyclable batteries, as well as investing in research and development of next-generation solutions to real-world and emerging energy storage solutions.
